Q7. Which of the following most accurately describes society's allocation of resources to the production of goods with external costs or external benefits, respectively? A) Under-allocation; over-allocation. B) Over-allocation; over-allocation. C) Over-allocation; under allocation.
Q8. Which of the following relationships most accurately describes the inefficiency resulting form government imposed production quotas? A) Marginal cost exceeds marginal benefit leading to underproduction. B) Marginal benefit exceeds marginal cost leading to underproduction. C) Marginal benefit exceeds marginal cost leading to overproduction.
Q9. Which of the following is least likely to be considered an obstacle to the efficient allocation of an economy’s resources? A) Changes in consumer tastes. B) Rent controls. C) Taxes.
Q10. Which of the following is least likely to be an obstacle to the efficient allocation of resources? A) Technological advancement. B) Monopoly. C) Price controls. | 
发表于 2008-12-31 09:51
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